Learn how the purple tree concept helped one man turned a $15,000 investment into $10 million! Click the player to listen to this BIGG Success Show podcast. Find the summary below.
One of the most frequent questions we get is how we come up with show topics. So we thought we’d give you a peak behind the curtain and show you how we arrived at today’s show idea.
We were eating!
That’s why today’s show topic is really … I can’t believe I ate that whole thing! Plop … plop … fizz … fizz!
Mary-Lynn recalled …
We were at a family diner. I started reminiscing about when I was a kid. There was this restaurant that we would go to when we went to visit my grandma. It was called the Hen House. The outside looked like a big red barn. The inside had a country décor and a fun little gift shop that my sister and I would always visit after eating. They had games and books and candy …
George added …
We’re showing our roots here. For those of you who aren’t familiar with it (which is likely most of you), the Hen House was a Midwestern chain. Sort of a smaller version of Cracker Barrel.
I have a book by William Dooner, the guy who started the Hen House chain. And to me, the most memorable thing from his book is when he talks about the purple tree in the forest.
https://biggsuccess.com/wp-content/uploads/2008/07/Have-You-Seen-The-Purple-Tree-blog-post-image-448x430-1.png430448George Krueger & Mary-Lynn Fosterhttps://biggsuccess.com/wp-content/uploads/2015/07/BIGG-Success-Nurturing-Your-Inner-Entreprener.jpgGeorge Krueger & Mary-Lynn Foster2024-10-05 18:40:362024-10-06 18:05:41You’ve Heard of the Purple Cow, but Have You Seen The Purple Tree?
Sporting events are a great microcosm of the games we all play. So we can take some great lessons away from them. One of those lessons is playing to win. Now you may be thinking … that seems kind of silly. Doesn’t everybody play to win?
https://biggsuccess.com/wp-content/uploads/2008/09/4-Traits-of-People-Who-Play-to-Win-blog-post.png430448George Krueger & Mary-Lynn Fosterhttps://biggsuccess.com/wp-content/uploads/2015/07/BIGG-Success-Nurturing-Your-Inner-Entreprener.jpgGeorge Krueger & Mary-Lynn Foster2024-08-04 13:36:062024-08-04 13:40:124 Traits of People Who Play to Win
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[haiku url=”http://traffic.libsyn.com/biggsuccess/00697-051011.mp3″ title=”The BIGG Success Show Podcast #697″] The game they play
Specializers play Solitaire. They focus on one business. They strive to master their craft so they can make more money.
Serializers love Legos. Now we realize that Legos is not technically a game. But serial entrepreneurs love building. They start business after business, always hoping to build something more spectacular the next time.
Synchronizers are playing Monopoly. They don’t want to own one business; they want a collection. They’re always trying to pass Go, so they can collect $200 and purchase another property.
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My favorite game of the three is Solitaire. I just love trying to get better at beating the game.
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It’s consistent with your personality. You love to master a craft – whether it’s radio, audio production, website development or consulting. You’re a Specializer, Mary-Lynn.
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So what’s your favorite, George?
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As many people will find, I have an affinity for two of them. My dad was a builder so I always loved Legos. But Monopoly is definitely my favorite.
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It makes sense. You’ve owned multiple businesses for most of your adult life. You’re mostly a Synchronizer.
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How they win
There are nuances for how you run your business depending on which type of entrepreneur you are. For example, each one has a unique strategy for winning:
Specializers win by taking the income from their business and investing passively. By doing this, they diversify their assets which reduces their risk. They also don’t waste precious time away from their core business.
Serializers will likely invest everything they have to make their first business a BIGG success. Then they take part of that money off the table and invest it passively while pouring the rest of it into their next business.
Sychronizers win by building a portfolio of businesses. They may never have much money invested in stocks or bonds. They trust themselves more than they trust the markets. So they are constantly directing income from their existing businesses into new businesses.
The key is figuring out how you build from a base of one business, which may represent a huge portion of your total net worth, to a more stable portfolio of assets.
It helps you make more money, more dependably. That’s BIGG success!
What’s your favorite game?
https://biggsuccess.com/wp-content/uploads/2020/07/bigg-success_stacked-1080.png10801080George Krueger & Mary-Lynn Fosterhttps://biggsuccess.com/wp-content/uploads/2015/07/BIGG-Success-Nurturing-Your-Inner-Entreprener.jpgGeorge Krueger & Mary-Lynn Foster2011-05-10 07:00:302011-05-08 19:48:42Does Your Favorite Game Reveal the Type of Entrepreneur You Are?
George and I were talking recently about family traditions. Two significant terms: family and tradition. Of course, when we think of family, we think of those closest to us.
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Whew … I wasn’t sure where you were headed with that last sentence, Mary-Lynn!
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See, I was nice! Merriam-Webster says it’s the basic unit in society.
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Tradition is the handing down of customs or practices from generation to generation.
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We’re familiar with the old saying, “Out with the old, in with the new.” That’s all well and good, but sometimes we should say, “In with the old.”
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At my advanced age, I’m glad to hear that. I’m in! You make a great point, Mary-Lynn. We have a tendency to think “old” is unnecessary. Out of style. Out of date. That “new” is better.
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We dismiss what’s always been done. However, family traditions bind us together with our past. They are an important part of understanding who we are.
They are part of our history. We study history to provide meaning to our present and guidance for our future.
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A bigg reunion
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Recently, we attended a family reunion. It’s my dad’s mom’s side of the family. The picture on our post today is from the reunion. It’s my nephew, David, with his son, Collin, my cousin Johnny and me. This reunion’s been an annual event since before I was born. It’s still going strong.
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I love it … especially the annual softball game! Your family really gets into it. There’s a lot of taunting back and forth. Although, this year, we were outgunned pretty badly.
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But you made the catch of the game, Mary-Lynn.
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Yeah, I caught a fly ball deep in right field. I earned a new nickname – Snowcone – because so much of the ball was showing out of my glove.
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It’s always a great time for catching up with extended family that we often only see this one time of the year. It’s a great tradition!
A bigg race
We have a friend who takes his son to the Indy 500 every year. When he was a boy, his Dad took him. He looked forward to it every year. He’s continuing the tradition with his own son.
A bigg start
While we’re on this subject of tradition, think about starting your own. All traditions had to start sometime, right? Plan an event at a regular interval, like every year. It’s a great way to make sure you spend time with those who are most important to you. Everybody gets it on their calendars because it’s a regular event.
What are your family traditions?
Share that with us by leaving a comment below, calling us at 877.988.BIGG(2444) or e-mailing us at bigginfo@biggsuccess.com.
Thank you so much for reading our post today. Consider making it a tradition by subscribing to our RSS feed or by subscribing to our show in Tunes! Click on one of the links below.
Please join us next time when we discuss a surprising way of saving money now without depriving yourself. Until then, here’s to your bigg success!
Bigg success is life on your own terms. The five elements of bigg success are money, time, growth, work and play. Today we’ll focus on play, but like many of the subjects we talk about there is overlap. Time is definitely part of today’s topic.
In our corner of the world, it’s finally starting to feel like spring. And here we are almost at the beginning of summer!
We’ve been busy cleaning up outdoors. Washing the windows. Cleaning out the gutters. Trimming the bushes. Picking up sticks in the yard.
Sometimes homeownership feels like work!
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Picking up sticks has its own reward because we bought a fire pit last year. I just love sitting around a fire and smelling the burning wood! It’s fantastic on those cool nights.
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We had a lot of great evenings last year relaxing around the fire. I’d say it’s already paid for itself. Plus it keeps your fire burning in a contained area, Mary-Lynn!
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Planning for a rainy day
We know what we’re going to do the next time we have a rainy day on the weekend. We’re going to have a Clutter Contest!
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You win, George. You have the most clutter!
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The idea is to get rid of the clutter, Mary-Lynn. But thank you for pointing out my clutter!
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We’re going have a contest between the two of us – the person who clears out the most clutter wins. Can you tell that we’re competitive?
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The prize
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Since it’s just the two of us, we can cater the prize however we want. So, if you win Mary-Lynn, I’ll give you a back massage.
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Ooh, I love massages. That will be great. I’ll tell you what, George, since you do most of the cooking … if you win, I’ll cook you dinner!
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I’m not sure that’s such a good prize!
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We’re really trying to highlight that you don’t have to spend money (hey there’s another one of the elements of bigg success) on prizes. They can be personal.
For your family, the prize could be the winner’s favorite home-cooked meal. He or she could choose the next movie to watch or game you all play. It’s completely customizable.
You can have more the one prize. For example, you might have a prize for the person who donates the most. You get stuff out of the house and a favorite charity gets goods they can sell. How’s that for win/win?
Even if you’re not a clutter bug, there may be someone in your house whose clutter drives you crazy. They’ll be more likely to clean it out if they can win a prize they really want. And think about it … they should be the odds-on favorite to win because they have the most stuff!
Household chores aren’t the most exciting way to spend our time off. However, this is one thing that can really ramp up your productivity. Studies show that the average American could save about an hour a day if they cleared out their clutter!
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When I heard that statistic, it really made me think about how to get more organized.
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It made me realize that it was time to clear out my clutter. Now I need to go get the ladder so I can start looking through that pile on my desk!
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